Hourly Ontario Energy Price definition

Hourly Ontario Energy Price has the meaning provided to it in the IESO Market Rules, and expressed in Dollars per MWh, and includes any applicable successor price, including any applicable successor locational marginal price applicable to the Connection Point.
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Hourly Ontario Energy Price means the price provided under the IESO Market Rules;
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Hourly Ontario Energy Price means the arithmetic average of the uniform Ontario energy prices determined for each of the twelve five-minute dispatch intervals in a particular hour and determined by the System Operator using the variables, data and formulae set forth in the IESO Market Rules in effect as of the date hereof. For the purposes of this Agreement, HOEP is expressed in dollars per MWh.
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Examples of Hourly Ontario Energy Price in a sentence

  • Utilisation payment rates are calculated by subtracting the Hourly Ontario Energy Price (“HOEP”) from the nominated Energy-Bids.

  • For each Activation Hour that a Participant successfully Delivers Energy (in the case of Gas-fired Resources or Storage Resources) or successfully Reduces Energy (in the case of Demand Response Resources), the Participant will be paid the DLMP Payment equal to the Quantity Delivered/Reduced (kWh) multiplied by a price per kilowatt hour ($/kWh) that is equal to the Distribution Locational Marginal Price less the Hourly Ontario Energy Price.

  • When average market clearing prices (Hourly Ontario Energy Price or “HOEP”) are higher or lower than the prescribed asset payments, the difference is incorporated into the global adjustment that is credited or charged to market participants through the IESO.

  • I would like to remind that under the legislation previously in force in Italy, the right of withdrawal had to be exercised within 10 days or 90 days, depending on the case.

  • The EFW Facility is selling electricity at the Hourly Ontario Energy Price (“HOEP”).

  • Red Cross will pay 100% of any annual premium increase from the 2021 rates, through the earliest of June 30, 2022 or ratification.

  • Whether the costs associated with a DSM CRM would affect the marginal cost of production would depend on a range of factors, however, we note that natural gas generators determine the marginal price of electricity (Hourly Ontario Energy Price or HOEP) in the Ontario market for many hours of the year.

  • The wholesale market price (Hourly Ontario Energy Price, or HOEP) is determined by matching supply and demand for electricity.

  • For each Activation Hour that a Participant successfully Delivers Energy (in the case of Thermal Resources or Storage Resources) or successfully Reduces Energy (in the case of Demand Response Resources), the Participant will be paid the DLMP Payment equal to the Quantity Delivered/Reduced (kWh) multiplied by a price per kilowatt hour ($/kWh) that is equal to the Distribution Locational Marginal Price (DLMP) less the Hourly Ontario Energy Price, as more fully specified in the applicable Contract.

  • The market clearing price (MCP) used for dispatchable facilities is set every five minutes, matching each dispatch interval Non-Dispatchable market participants accept the market clearing price at the timethey produce or consume energy, regardless of what the price is (i.e. LDCs)• Non-dispatchable facilities are paid for their production or pay for their consumption based on the Hourly Ontario Energy Price (HOEP).

Related to Hourly Ontario Energy Price

  • Energy Price has the meaning set forth in Section 4.[1/2](a).

  • Real-time System Energy Price means the System Energy Price resulting from the Office of the Interconnection’s dispatch of the PJM Interchange Energy Market in the Operating Day.

  • Day-ahead System Energy Price means the System Energy Price resulting from the Day- ahead Energy Market.

  • Nominated Energy Efficiency Value means the amount of load reduction that an Energy Efficiency Resource commits to provide through installation of more efficient devices or equipment or implementation of more efficient processes or systems.

  • Real-time Energy Market means the purchase or sale of energy and payment of Transmission Congestion Charges for quantity deviations from the Day-ahead Energy Market in the Operating Day.

  • Net energy billing means a billing and metering practice under which a customer-generator is billed on the basis of net energy over the billing period.

  • Renewable Energy Source means an energy source that is not fossil carbon-based, non- renewable or radioactive, and may include solar, wind, biomass, geothermal, landfill gas, or wave, tidal and thermal ocean technologies, and includes a Certified Renewable Energy Source.

  • Annual Resource Price Adder means, for Delivery Years starting June 1, 2014 and ending May 31, 2017, an addition to the marginal value of Unforced Capacity and the Extended Summer Resource Price Adder as necessary to reflect the price of Annual Resources required to meet the applicable Minimum Annual Resource Requirement.

  • Transportation Company means any organization which provides its own or its leased vehicles for transportation or which provides freight forwarding or air express services.

  • renewable energy sources means renewable sources such as small hydro, wind, solar including its integration with combined cycle, biomass, bio fuel cogeneration, urban or municipal waste and other such sources as approved by the MNRE;

  • Natural gas company ’ means a person engaged in the transportation of natural gas in interstate commerce, or the sale in inter- state commerce of such gas for resale.

  • Energy Payment The amount that Company will pay Seller for electric energy delivered to Company in accordance with the terms and conditions of this Agreement on a monthly basis as set forth in Attachment J (Company Payments for Energy, Dispatchability and Availability of XXXX) to this Agreement.

  • Electric utility steam generating unit means any steam electric generating unit that is constructed for the purpose of supplying more than one-third of its potential electric output capacity and more than 25 MW electrical output to any utility power distribution system for sale. Any steam supplied to a steam distribution system for the purpose of providing steam to a steam-electric generator that would produce electrical energy for sale is also considered in determining the electrical energy output capacity of the affected facility.

  • Natural Gas Liquids means those hydrocarbon components that can be recovered from natural gas as a liquid including, but not limited to, ethane, propane, butanes, pentanes plus, and condensates;

  • Net energy metering means measuring the difference, over the net metering period, between (i)

  • Eligible Renewable Energy Resource or “ERR” has the meaning set forth in California Public Utilities Code Section 399.12 and California Public Resources Code Section 25741, as either code provision is amended or supplemented from time to time.

  • National Ambient Air Quality Standards or “NAAQS” means national ambient air quality standards that are promulgated pursuant to Section 109 of the Act, 42 U.S.C. § 7409.

  • Renewable energy resources means energy derived from solar, wind, geothermal, biomass, and hydroelectricity. A fuel cell using hydrogen derived from these eligible resources is also an eligible electric generation technology. Fossil and nuclear fuels and their derivatives are not eligible resources.

  • Renewable energy resource means a resource that naturally replenishes over a human, not a geological, time frame and that is ultimately derived from solar power, water power, or wind power. Renewable energy resource does not include petroleum, nuclear, natural gas, or coal. A renewable energy resource comes from the sun or from thermal inertia of the earth and minimizes the output of toxic material in the conversion of the energy and includes, but is not limited to, all of the following:

  • Energy year or "EY" means the 12-month period from June 1st

  • Useful thermal energy means, with regard to a cogeneration unit, thermal energy that is:

  • Net Energy The total quantity of electric energy (measured in kilowatt hours) produced by the Facility over a given time period and delivered to the Point of Interconnection, as measured by the revenue meter. "Net Energy" the equivalent of "Actual Output."

  • Spot Market Energy means energy bought or sold by Market Participants through the PJM Interchange Energy Market at System Energy Prices determined as specified in Operating Agreement, Schedule 1, section 2, and the parallel provisions of Tariff, Attachment K-Appendix, section 2.

  • oil tanker means a ship constructed or adapted primarily to carry oil in bulk in its cargo spaces and includes combination carriers and any “chemical tanker” as defined in Annex II of the present Convention when it is carrying a cargo or part cargo of oil in bulk.

  • Renewable energy facility means an electric generation unit or other facility or installation that produces electric energy using a Renewable Energy Source.

  • Renewable energy means energy derived from sunlight, wind, falling water, biomass, sustainable or